Introduction
This paper aims to explore some of the key cultural differences between Australia and China from a business perspective and how these cultural characteristics affect how business is conducted. Understanding these cultural differences is essential for successful business relationships and due to the globalisation of markets, is more relevant now. Such is the need to understand both the overall culture of a country as well as the internal culture within the business, that failure to do so can lead to 68% of new senior leadership hires resulting in failure (Groysberg, Lee, Price, & Cheng, 2018, p. 57). Before delving into corporate cultural differences, it is important for international business managers (IBM) to first form a foundational
This paper aims to explore some of the key cultural differences between Australia and China from a business perspective and how these cultural characteristics affect how business is conducted. Understanding these cultural differences is essential for successful business relationships and due to the globalisation of markets, is more relevant now. Such is the need to understand both the overall culture of a country as well as the internal culture within the business, that failure to do so can lead to 68% of new senior leadership hires resulting in failure (Groysberg, Lee, Price, & Cheng, 2018, p. 57). Before delving into corporate cultural differences, it is important for international business managers (IBM) to first form a foundational